$VMHG Victory Marine Holdings Corp Reports First Q
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Posted On: 05/25/2021 1:40:50 PM
$VMHG Victory Marine Holdings Corp Reports First Quarter FY 2021 Results
https://www.accesswire.com/649009/victory-mar...21-results
MIAMI, FL / ACCESSWIRE / May 25, 2021 / Victory Marine Holdings Corp. (OTC PINK:VMHG) today announced financial results for the first quarter ended March 31, 2021.
Key Financial Highlights:
Net sales for three months ended March 31, 2021 were $62 thousand, as compared to $181 thousand for the same period last year.
Loss from operations for the three months ended March 31, 2021 were $137,881, as compared to a profit of $46 thousand for the same period last year.
Orlando Hernandez, Victory Marine Holdings CEO stated, "Although our revenues had a decline, we are pleased with our deal flow and the overall operations. Moreover, the first quarter is typically a slow quarter for boat delivery. I believe our strategy, specifically our sales and marketing strategy will continue to expand our client base. Our partnerships with yacht manufacturers continues to remain strong and we are looking to expand our offerings to deliver all types of boats and yachts while serving a financially diversified client base."
"We will continue to focus on our sales channels, including our commitment to meeting customers' needs by delivering high quality and differentiated products," continued Mr. Hernandez. "We also believe the investments we made over the last year, including having a good amount of inventory allows us to better serve our customers with product availability and quick service."
https://www.accesswire.com/649009/victory-mar...21-results
MIAMI, FL / ACCESSWIRE / May 25, 2021 / Victory Marine Holdings Corp. (OTC PINK:VMHG) today announced financial results for the first quarter ended March 31, 2021.
Key Financial Highlights:
Net sales for three months ended March 31, 2021 were $62 thousand, as compared to $181 thousand for the same period last year.
Loss from operations for the three months ended March 31, 2021 were $137,881, as compared to a profit of $46 thousand for the same period last year.
Orlando Hernandez, Victory Marine Holdings CEO stated, "Although our revenues had a decline, we are pleased with our deal flow and the overall operations. Moreover, the first quarter is typically a slow quarter for boat delivery. I believe our strategy, specifically our sales and marketing strategy will continue to expand our client base. Our partnerships with yacht manufacturers continues to remain strong and we are looking to expand our offerings to deliver all types of boats and yachts while serving a financially diversified client base."
"We will continue to focus on our sales channels, including our commitment to meeting customers' needs by delivering high quality and differentiated products," continued Mr. Hernandez. "We also believe the investments we made over the last year, including having a good amount of inventory allows us to better serve our customers with product availability and quick service."
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